Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | June 2023
The Government is considering the expansion of the PPF’s remit to include possibly acting as a “master consolidator” or provider of aggregated services for smaller, poorly-performing DB schemes. This is one of the recommendations of a report from the Tony Blair Institute for Global Change, and follows the PPF’s departmental review published in December 2022, which in turn acknowledged the PPF’s success and the significant reserves it has accumulated.
The December 2022 review suggested that the DWP and the PPF should work together to understand the implications of the PPF’s funding position in light of the expected future decrease in the number of DB schemes. It noted that plans should be made in advance for any necessary legislative changes, for example, to address what happens to any funding which is surplus to requirements. We wonder if any consideration might be given to applying any surplus to a partial refund of levy payments to employers who have contributed to the PPF over many years, or to members who have had benefit cuts after their employer has entered the PPF?
In a recent statement, the PPF has welcomed the opportunity to work closely with the Government in exploring various options in additional ways to be of public benefit but maintains that delivering the best outcomes for its current members is its priority.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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